Madhya Pradesh solar auction draws bids as low as INR 3/kWh

Image source: RattanIndia Power Limited

Feb 10 (Renewables Now) - The 750-MW solar power tender in the Indian state of Madhya Pradesh has attracted record-low tariffs of about INR 3.00 (USD 0.045/EUR 0.042) per kWh, and this is not final, local media report.

The reverse auction is for three 250-MW portions of the Rewa ultra mega solar park. Manu Srivastava, principal secretary, new and renewable energy at the Madhya Pradesh government, told The Economic Times that so far the first block has reached a low of INR 3.018/kWh, while the lowest bids for the other two were of INR 3.01/kWh.

The Hindu Business Line reported that tariffs have gone below the INR-3-per-kWh mark on Friday. Newspaper Mint said that Green Infra Wind Power Project Ltd, SBG Cleantech Ltd and Enel Green Power SpA are still in the running.

The auction is held by Rewa Ultra Mega Power Ltd, a joint venture between Solar Energy Corporation of India Ltd (SECI) and Madhya Pradesh Urja Vikas Nigam Ltd.